UK: Weekly FX Market Update 17 August

GBP

• UK Quarterly GDP is steadily growing. Will this translate into Sterling strength?

• What will UK employment data on Tuesday and CPI on Wednesday show for the UK economy?

EUR

• Water levels on the important Rhine River are at ‘very low’ levels. The river accounts for 80% of Germany’s inland shipping.

• Will these very low levels hinder the German economy, and slow down already anaemic Eurozone GDP growth?

USD

• US CPI was described as ‘subdued’, and left the FX market almost untroubled. But after soft retail sales and disappointing consumer sentiment, the US$ slipped lower.

• July FOMC meeting minutes are released on Wednesday. After the initial opaque comments from Fed Chair Warsh, will the minutes provide more clarity for investors?

Mon Aug 17

00:50 JPY Preliminary GDP

13:30 CAD CPI

Tue Aug 18

07:00 GBP Claimant Count Change/Average Earnings/Unemployment Rate

10:00 EUR ZEW Economic Sentiment

14:15 USD Capacity Utilization/Industrial Production

Wed Aug 19

07:00 GBP CPI

10:00 EUR Final CPI

19:00 USD FOMC Meeting Minutes

Thu Aug 20

02:30 AUD Employment Data

13:30 USD Unemployment Claims

Fri Aug 21

07:00 GBP Retail Sales

09:00 EUR Flash Manufacturing/Services PMI

09:30 GBP Flash Manufacturing/Services PMI

14:45 USD Flash Manufacturing/Services PMI